Ben Stiller and Owen Wilson Walk in Valentino Show to Announce Zoolander 2

After months of speculation, Owen Wilson and Ben Stiller officially announced Zoolander 2 today—by making a surprise appearance and strutting their stuff in the Valentino runway show as part of Paris Fashion Week.

And as expected, they were really, really ridiculously good-looking.

The famous pals and co-stars took over the catwalk, hilariously stealing the spotlight from the bevy of gorgeous beauties while confirming that a follow-up to the 2001 comedy is indeed happening. They also posed backstage with Vogue's Anna Wintour.

A photo posted by Vogue (@voguemagazine) on Mar 10, 2015 at 7:16am PDT

Get excited, folks!

Back in December, Wilson opened up about the possibility of a sequel during an interview with Ellen DeGeneres. "Well, I don't mean to be coy, but I know that there's a script and Ben is considering it. So we'll see," he said before adding, "We have to do it."

One month prior, Deadline reported that Penélope Cruzhad signed on to star in the follow-up flick, joining original cast members Stiller, Wilson and Will Ferrell.

Zoolander 2 is expected to follow Derek Zoolander as he is forced to reinvent himself in the ever-changing world of male modeling. Jennifer Aniston's fiancé Justin Theroux penned the script, while Stiller will take a seat in the director's chair once more.

Talking about the sequel back in 2010, Stiller revealed that this installment would focus on how much the modeling world has changed since Zoolander and his nemesis, Hansel (Wilson), fought for the catwalk.

"In the fashion world, if you go away for a year, it's changed—it just happens so quickly," he told MTV. "I think the idea in the beginning of the movie is that it's 10 years later, and Derek and Hansel are literally forgotten. Nobody remembers who they are, so they have to reinvent themselves."

Safe to say they're off to a good start. Zoolander 2 will officially hit theaters on February 12, 2016.